Franklin Resources Inc. lessened its holdings in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 19.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,608,272 shares of the company's stock after selling 381,152 shares during the period. Franklin Resources Inc. owned approximately 0.45% of Liberty Global worth $32,905,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in shares of Liberty Global by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company's stock worth $27,000 after purchasing an additional 601 shares during the last quarter. Blue Trust Inc. grew its stake in Liberty Global by 110.3% during the third quarter. Blue Trust Inc. now owns 1,859 shares of the company's stock worth $39,000 after buying an additional 975 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Liberty Global during the second quarter worth approximately $75,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Liberty Global by 4,512.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company's stock valued at $156,000 after purchasing an additional 8,754 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in Liberty Global by 21,707.3% in the second quarter. Whittier Trust Co. now owns 8,941 shares of the company's stock worth $156,000 after purchasing an additional 8,900 shares in the last quarter. Institutional investors own 37.20% of the company's stock.
Insider Activity at Liberty Global
In related news, CFO Charles H. R. Bracken sold 84,103 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the transaction, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.51% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Liberty Global from $38.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Bank of America lowered Liberty Global from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $13.10 to $12.60 in a research report on Friday, December 6th. Benchmark restated a "buy" rating and set a $27.00 target price on shares of Liberty Global in a research report on Tuesday, October 29th. UBS Group cut Liberty Global from a "buy" rating to a "neutral" rating and decreased their price target for the company from $23.00 to $13.00 in a report on Monday, November 18th. Finally, Barclays dropped their price objective on Liberty Global from $20.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $18.94.
View Our Latest Research Report on Liberty Global
Liberty Global Stock Up 2.0 %
LBTYA stock traded up $0.25 during midday trading on Thursday, hitting $12.51. The company's stock had a trading volume of 3,041,535 shares, compared to its average volume of 1,896,361. The company's fifty day moving average price is $16.70 and its 200 day moving average price is $18.21. Liberty Global Ltd. has a twelve month low of $10.93 and a twelve month high of $21.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $4.47 billion, a P/E ratio of -1.23 and a beta of 1.24.
Liberty Global Profile
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Free Report)
Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.
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